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View Diary: The End of Wall Street: a Steady-State Economy (79 comments)

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  •  not all that local, historically (5+ / 0-)
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    tacet, Odysseus, badger, marsanges, kait

    there were vast, regional international trading networks in the precapitalist world, with high levels of complexity (and of course correspondingly robust governmental involvement in matters of regulation, standards, countercyclical market intervention, social welfare and basic infrastructure). for many in asia, colonialization was a great leap backwards economically, those networks had to be destroyed in order for wealth to be siphoned back to europe, in a manner very familiar to the situation these days.

    but yeah, hitting hard limits is bad news, historically and now. the period i study (10th-14th centuries) had a very sharp cool/dry period that suddenly reduced the agricultural carrying capacity of east asia in a matter of decades, and drove china's center of gravity quite a bit southwards (hello mongols!). people are just now paying attention to the weather, because of awareness of the insane science experiment we're running on the globe in realtime.

    •  there's a huge chunk of history we need to know. (1+ / 0-)
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      In the US, "history" typically means Europe.  Most of us are ignorant of the complexities of Asian history.  This is something we need to know about.  What you said about complex economies and government intervention, until the era of colonialism: that is information we need.  

      You could translate all of that into a form that folks here can understand.  And it would add immeasurably to the discussion.

      "Minus one vote for the Democrat" equals "plus one vote for the Republican." Arithmetic doesn't care about your feelings.

      by G2geek on Mon Oct 10, 2011 at 04:44:15 PM PDT

      [ Parent ]

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